QUOTE(chiahau @ Oct 9 2017, 03:39 PM)
Valuation of JPPH and IRB is different btw. I don't think IRB uses JPPH's valuation in their calculation for stamp duty.
Thus the term, ad valorem.
IRB usually values it on the higher side, sadly.
The instrument i.e. Transfer is lodge to IRB which IRB then forwarded it to JPPH for valuation. Then JPPH will do a valuation and forward back the valuation to IRB, which IRB will issue a notice of "DUTI AD VALOREM" (which determines the stamp duty).
The amount difference in stamp duty are usually due to JPPH valuation.
1)
Latest Transacted Price : 500k. Stamp duty : RM 9k
JPPH Valuation : >RM 500k. Adjust accordingly
SPA Price : RM 450k. Stamp duty : RM 8k
Whichever is higher. So have to pay RM 9k.
2)
Latest Transacted Price : 500k. Stamp duty : RM 9k
JPPH Valuation : >RM 500k. Adjust accordingly
SPA Price : RM 600k. Stamp duty : RM 12k
Whichever is higher. So have to pay RM 12k.
Like someone mention, one can always appeal the valuation. But if the property value are too small, no point go waste time and appeal value lah... Just pay loh.
Unless talking about a few mil props, then yes. Can try appeal.